Bitcoin pumps to cross $21K; Ethereum Merge expected on Sept. 14

The biggest news in the cryptoverse for Sept. 9 includes Bitcoin’s recent rally that took it above the $21,000 level; block calculation estimations indicating that Ethereum Merge will take place on Sept.... Read more »

Liquidations reach $96M in half a day as Bitcoin breaks $21K

A total of $96 million worth of positions on Bitcoin got liquidated in the last 12 hours, 77% of which were short positions. Bitcoin surge started at 3 a.m. UTC on Sept.... Read more »

Binance will not apply Terra Classic tax burn to spot trade on exchange

Binance has announced that it will not support the $LUNC tax burn to spot or margin trades made on its exchange. Luna Classic governance proposals 3568 and 4159 were passed to add... Read more »

Tax implications of the Ethereum Merge and what to do to prepare

CryptoSlate spoke with Tony Dhanjal, Head of Tax at Koinly, a crypto-focused tax software company. Koinly allows users to create tax reports by linking wallets and exchange accounts and then using on-chain... Read more »

Arthur Hayes is bullish on The Merge, believes ETHPoW will fail

On Laura Shin’s Unchained Podcast, the journalist and BitMex founder Arthur Hayes explained why he changed his view on Ethereum and believes an ETHPoW fork will fail. Hayes explained that utility is... Read more »

Algorand mainnet performance to increase 5x after new upgrade

Proof of stake network Algorand (ALGO) has upgraded its network’s mainnet transaction capacity to 6,000 transactions per second (tps), according to a press release shared with CryptoSlate. The upgrade places the Layer... Read more »

Aave votes to pause ETH borrowing following concerns of users trying to maximize ETHPoW airdrops

Aave has voted to suspend Ethereum borrowing ahead of The Merge in a vote that received a 77.87% majority in favor. The governance proposal stated, “A proposal to pause ETH borrowing in... Read more »

Singapore’s largest bank DBS to offer crypto services to 300,000 investors

Singapore’s largest bank DBS hinted at plans to open its cryptocurrency and digital asset services to 300,000 high-net-worth clients across Asia, the Financial Times reported. The leading bank received a virtual currency... Read more »

Australia creates special crypto police unit to crack down on money laundering

Amid a rise in cryptocurrency-related crimes, Australia’s Federal Police has set up a new cryptocurrency unit to crack down on money laundering, the Australian Financial Review reported on September 5. The new... Read more »

FatManTerra educates community on crypto scams by creating fake investment scheme

Crypto Influencer FatManTerra refunded over $100,000 received from crypto users looking to buy into his “made-up” investment scheme that was a cover for sending an educational message to the community on crypto... Read more »